I always like recommending services from the good people that I meet and this one is no exception. Jeremy from finance likes to help Aussies abroad with their home loans in Australia, and there are lots of things to consider so have a read!
As an Australian expat (or soon to be Australian expat), you may be thinking about your current or future needs for an Australian home loan. Perhaps you are concerned that by living overseas, your Australian property goals have to be put on pause until you move back home to Australia.
Fortunately, that is not the case and shortly we will discuss some of the common reasons our clients engage in an Australian expat mortgage broker.
Pre-departure review of existing home loans
Australian expats who have an existing home loan should review their loan and circumstances to ensure the loan is still for suitable for their needs. This can include:
- Accessing equity to finish renovations on the property, prior to renting out. To maximize rental returns.
- Consolidate existing debt in Australia (to pay and close credit card debt, personal loans or car loans).
- Review of the existing loan to ensure the product and features are still suitable for an Australian expat.
Review of existing home loan whilst living overseas
Australians living overseas as expats (regardless of how long they have been abroad) should review their loan every two years. Included in that review, are some items to consider: